Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!

[allcoinminer]

Seems like the company had serious problems with their chips.
If its so, then another one or two months delay can be expected.

If they have serious problems with their chips then it's game over.

You need $1million cash in hand and 3 months to tape-out and build a new batch of chips. Something tells me that alpha might not quite be in a position to do that.

The game is already over.
This is the trailer after Game over!
CountDown: 2 more day left in OCT as with no updates even after deadline means serious problems.
I think each and everyone sued them for the refund and that may lead them to process refunds  to all.
So why need to release the miners now without no customers to take delivery.

[zinner27]

Managed to get back my 30 % from Mastercard via my bank... Now next step is to try get my 70 % back... that will be more tricky as I understand...

[vesperwillow]

Another promise broken. They were going to provide an update 'early this week'. We've passed the midway point.

Multialgo ASIC units are taping out right now, and as someone mentioned, the L1 from Antminer is hitting shelves in December. 120MH @ 300ish watts at the wall, less than $600 shipped worldwide.

Much like the Black Arrow folks, I really feel for you guys.

[SimonBeCoinin]

Another promise broken. They were going to provide an update 'early this week'. We've passed the midway point.

Multialgo ASIC units are taping out right now, and as someone mentioned, the L1 from Antminer is hitting shelves in December. 120MH @ 300ish watts at the wall, less than $600 shipped worldwide.

Much like the Black Arrow folks, I really feel for you guys.

they haven't kept a promise yet.  much like those pricks at Black Arrow their lips move and bullshit falls out.  I'm not surprised there are more delays.   anyone that thought they'd get the chips and start shipping immediately was kidding themselves, I think.

difference here relative to Black Arrow is that people can more easily get their money back.

why anyone would not try at this point to recoup their cash, I've got no idea.  As soon as they got quiet I started asking for my money back.  I've seen this game too many time not to know what that means.  The day after they missed their delivery date I was on the phone with my CC company getting that moving. 

That chargeback process takes time by the way, it's not a phone call and bang, your money is back.  They've got a process that can span several weeks so if people want their money back they need to get on it.

they're quiet again, by the way.  something else has crapped on itself here I have no doubt.

these are DOA at this point.  as others have pointed out, Bitmain is about to eat their ass in the same way they chewed Black Arrow's balls clean off.

file your claims and GTFO while they're not officially bankrupt.  When that happens that gate slams shut and you're out of time.

[AltcoinEpiphany]

These guys screwed me over too. Both paypal and my bank have refused to have anything to do with it though, due to it being passed the 45 and 90 day ruling. Has anyone had success with the small claims court? It would cost £100 to submit a request for the £1,600 deposit, so I'm thinking that's the way I'm going to have to take

[vesperwillow]

Take a look through the past pages of this thread, there's links to a forum (fightalpha) which contain great info and people who have made claims far beyond the time limits.

[SimonBeCoinin]

Take a look through the past pages of this thread, there's links to a forum (fightalpha) which contain great info and people who have made claims far beyond the time limits.

yes, quote those case numbers and call PayPal back.  others were refunded well after this supposed time window, therefore you also have the right to a refund.

[Crypto2011]

I placed an order with Alpha on behalf of a small group of people where we agreed to a share of the profits. We are looking to get a full refund ideally, and considering court as a more likely option than getting a refund from alpha in full, or as a better option to even trying to get one in part, but want to consider all the options. We are just unsure of a few things. I have read some of the comments about the whole situation and gathered bits and pieces but there is a lot to read through. We are looking for help in clarifying the situation in more detail, in terms of what the current consensus is that has been learned amoungst the community, and would appreciate some advice on how to proceed.

Firstly, have there been any reports of them offering a settlement amount and then not actually paying it after it was agreed to it as a final settlement? I am worried in case we choose the settlement offer and agree as I have read suggestions that this can not only invalidate and legal claim for anything else, but could invalidate a legal claim for anything, and that they may not even need to pay you the settlement offer they just agreed to!

I am worried that if I email and ask them to pay up, and give them chance to respond, by the time they respond (or by the time it doesn't appear they will), it may waste valuable time and by the time a judgement is made, they may have disappeared? Also, I can be pretty sure that they won't give a full refund, so if we are not prepared to accept a partial refund, it is probably pointless to email them first in that respect too isn't it? It would appear to be a risky waste of time in that sense/

So therefore, we would prefer to just go straight to the small claims court, however we are worried there may be a requirement to try and resolve the matter with them directly first (i.e email them and given them a chance to pay up)? Could it invalidate a claim by not asking them for a refund first and giving say a week for them to pay? Is a week even long enough or is that generous do you think?

Also, has anyone explored the possibility and advantages/disadvantages of going to the financial ombudsman, rather than the small claims court?

Have their been any reports of Alpha NOT paying the money AFTER a court ruling? Has anyone had to resort to debt enforcers? This is where it gets a bit more worrying.

Have their been any reports of Alpha contesting claims, the grounds on which they tried to, and whether or not they were ever successful? Anything to watch out for?

Also, we/I paid by bank transfer. All anyone talks about on here is credit card payments, bitcoin, and paypal. What about those who paid by bank transfer? Are we in different situation? Obviously you can't reverse it the same way as a credit card payment I wouldn't have thought, but can you reverse a faster payment or BACS transfer if you didn't get what you paid for as an alternative (or quicker option) for getting money back? Could it cause problems in court having paid this way?

Finally, our claim, like many I would imagine, is for £1,635. However, it costs considerably more to claim over £1,500 with no guarantee to get the extra you paid to take the matter to court back from Alpha, (or do you get that back from the court it's self when you win?). So we were considering maybe just claiming £1500 instead as it is below the threshold. Could this cause some problem?


Thanks!

[brian_23452]

Accepting a settlement offer will not effect your ability to go to court should they not pay.  That would be just one more document in your favor proving they owe you the money.  Proving they owe you the money is not going to be that difficult as they are in violation of several laws to begin with.

At this point, time isn't really an issue.  Many months ago when many people, myself including, were urging people like you to jump ship and press the legal issue time would have mattered.  At this point so much time has elapsed it makes no difference any more really.

Despite someone mentioning a rumor, I have not seen any evidence of anyone actually enforcing a judgement against the company and collecting cash. 

You should claim the amount owed, including all legal fees.  In theory, you should come out of this "whole".

All of this is moot though.  At this point in time, there is no product, no money, and no siezable  assets.  Anything that may have been there at some point is long since gone (remember, we're dealing in BTC which by it's very nature is "off the books" to begin with, before all the accounting tricks).  If they make any offers to settle I would take them, as at this point it is simply totally unrealistic to think you will recover any losses by getting a judgement and being able to enforce it.  That ship sailed many months ago. 

[vesperwillow]

There have been a couple of folks get their bank wire turned back, but I believe it depended on the bank. Now, one of them was a bank in London who also thought what Alpha was doing was crazy. I dunno if it's on the fightalpha webforum or not, but I know it's in this thread somewhere. It may take a lot of searching, but start around the July timeframe and work forward.

[brian_23452]

There have been a couple of folks get their bank wire turned back, but I believe it depended on the bank. Now, one of them was a bank in London who also thought what Alpha was doing was crazy. I dunno if it's on the fightalpha webforum or not, but I know it's in this thread somewhere. It may take a lot of searching, but start around the July timeframe and work forward.

Right, but we're talking about enforcing a judgement.  Reversing a bank transfer or performing a chargeback means the payment processor reversed the charges, which does not require anything from AT.  Winning a judgement and then successfully collecting on it which is what that person wants to do) means they presented AT with a court order and AT then returned their money.  The former is, relatively speaking, easy to do as it does not require compliance from AT.  The latter, is almost impossible since it requires compliance from AT, and they have demonstrated time and again they are not going to comply with the law.  I am almost certain no one has successfully enforced a judgement against them and gotten actual money out of it.

[vesperwillow]

There have been a couple of folks get their bank wire turned back, but I believe it depended on the bank. Now, one of them was a bank in London who also thought what Alpha was doing was crazy. I dunno if it's on the fightalpha webforum or not, but I know it's in this thread somewhere. It may take a lot of searching, but start around the July timeframe and work forward.

Right, but we're talking about enforcing a judgement.  Reversing a bank transfer or performing a chargeback means the payment processor reversed the charges, which does not require anything from AT.  Winning a judgement and then successfully collecting on it which is what that person wants to do) means they presented AT with a court order and AT then returned their money.  The former is, relatively speaking, easy to do as it does not require compliance from AT.  The latter, is almost impossible since it requires compliance from AT, and they have demonstrated time and again they are not going to comply with the law.  I am almost certain no one has successfully enforced a judgement against them and gotten actual money out of it.

I was responding to his inquiry about it being a bank wire, which is why I suggested he review the logs as people have had it happen.

[g6miner]

Right, but we're talking about enforcing a judgement.  Reversing a bank transfer or performing a chargeback means the payment processor reversed the charges, which does not require anything from AT.  Winning a judgement and then successfully collecting on it which is what that person wants to do) means they presented AT with a court order and AT then returned their money.  The former is, relatively speaking, easy to do as it does not require compliance from AT.  The latter, is almost impossible since it requires compliance from AT, and they have demonstrated time and again they are not going to comply with the law.  I am almost certain no one has successfully enforced a judgement against them and gotten actual money out of it.

Think so too. We only heard of one person, the user "chopsbit", who got refunded £405 after winning judgment against alpha. But there are lots of people who filed a claim. Anyone else successful??

[retro72]

Right, but we're talking about enforcing a judgement.  Reversing a bank transfer or performing a chargeback means the payment processor reversed the charges, which does not require anything from AT.  Winning a judgement and then successfully collecting on it which is what that person wants to do) means they presented AT with a court order and AT then returned their money.  The former is, relatively speaking, easy to do as it does not require compliance from AT.  The latter, is almost impossible since it requires compliance from AT, and they have demonstrated time and again they are not going to comply with the law.  I am almost certain no one has successfully enforced a judgement against them and gotten actual money out of it.

Think so too. We only heard of one person, the user "chopsbit", who got refunded £405 after winning judgement against alpha. But there are lots of people who filed a claim. Anyone else successful??

Yep this is true. It seems that Alpha are strapped for cash and are not paying enforced judgements. I've had a PM from a guy who's having the chargeback he got months ago disputed by Alpha. Their argument, the product will be delivered in Q3    Another guy Alpha showed a photoshopped paypal refund screengrab  to buy themselves a few more days after he won his judgement.  It seems they're not even paying the 50% refunds they are offering either.

It's pretty pathetic really. Might be time for a whipround to raise the £750 to start bankruptcy proceedings and put this lame dog out of its misery.

[bander]

well i submitted my documents for medation but have heard nothing back from the courts and nothing has changed in my money claim. Should I just file again and include proof that i did pay the 70%? That was alpha's defense- that i had already been refunded my 30% (which is true through paypal) but i never paid the remaining 70%.

Obviously I have bank reciepts and a reciept from their system stating I paid. My question is if I should just file another money claim against them and this time include reciepts since A) there has been no movement from the courts or in money claim and B) they dont have to opt to enter mediation

Just looking for some advice here from someone who has won their court case or is currently in mediation.

[allcoinminer]

The Game is finally Over for Alpha-T.
 

[surfguy72]

I filed a claim through chase who I did an ACE debit through PayPal with.  I then notified Alpha I was doing this and they returned 50% of my deposit to my paypal. I still have my claim open with Chase which triggers it to paypal as well.  I hope to see my other 50% come back.   At this point not holding my breath.

[anderl]

Meanwhile in the last 3 months I bought 900 GAW prime hashlets for $16 ($15000) sold all for about $36-49 ($38000). Mined with them for about 6 weeks ($8400) and too all that money and rolled it into ltcgear and I'm turning out about $6000/wk.

So how is Alphatech doing.  Is that whole profit sharing working out for batch 1 customers?  Are there any profits really?  This was a scam for soooooo long.  When a company does not produce and instead keeps saying "soon", and "that is a fact" it means they are telling you bullshit.  The reason they are using those words is they are trying you to believe it. 

We will have miners in "soon" = we will not have them but we hope you believe we will
We are ethical, that is a fact = we are not ethical but please believe us because we said we are.

So I"m banking $6000 a week off of $15000 I spent in August instead of holding out for this piece of shit company.

[volyova]

Meanwhile in the last 3 months I bought 900 GAW prime hashlets for $16 ($15000) sold all for about $36-49 ($38000). Mined with them for about 6 weeks ($8400) and too all that money and rolled it into ltcgear and I'm turning out about $6000/wk.

So how is Alphatech doing.  Is that whole profit sharing working out for batch 1 customers?  Are there any profits really?  This was a scam for soooooo long.  When a company does not produce and instead keeps saying "soon", and "that is a fact" it means they are telling you bullshit.  The reason they are using those words is they are trying you to believe it. 

We will have miners in "soon" = we will not have them but we hope you believe we will
We are ethical, that is a fact = we are not ethical but please believe us because we said we are.

So I"m banking $6000 a week off of $15000 I spent in August instead of holding out for this piece of shit company.

This is hardly the place to boast about your supposed accomplishments.

[vvhiteknight]

Hi, Ive been away from the community for a while, I remember these guys months ago offering their scrypt miners and I thought it looked a little dodgy. Can anyone give me some cliffs on whats happened? Have they shipped any miners yet?